The Greedy Trader Weekly Analysis
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Archive
- 3/15/2019
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iShares MSCI Canada Index
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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are strongly overboughtTrend resistance at 27.46
Daily :The price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was a first positive week for the iShares MSCI Canada Index (EWC). During the week, the EWC gained 0.44 points, or 1.61%, and closed at 27.76 on Friday, March 15, 2019. Weekly volume was -12% below average.

Long-term trend: [See EWC long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 18.07 and reached 30.60 on January 5, 2018. EWC gained -12.53 points, or -69.34%, in 102 weeks. The chart has formed a Rising Pennant chart pattern. The trend support level is at 30.70 and resistance is at 27.46. A Rising Pennant chart pattern represents a brief pause after a sharp move in a dynamic market. It is considered one of the most reliable continuation patterns.Use the following link to access a Rising Pennant chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Pennant pattern in a long-term trend.

Medium-term trend: [See EWC medium-term trend chart]
A medium-term downtrend had started on January 5, 2018 at 30.60 and reached 22.89 on December 26, 2018. EWC lost 7.71 points, or 25.20%, in 50 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (27.46). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See EWC weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since January 25, 2019. The distance between MACD and the signal line is relatively high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See EWC short-term trend chart]
A short-term downtrend had started on February 27, 2019 at 28.03 and reached 27.10 on March 8, 2019. EWC lost 0.93 points, or 3.32%, in 9 days. The price is now at the 70.97% retracement level.

Daily Technical Indicators: [See EWC daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since February 28, 2019. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 2.74% on Friday. It is 57.50% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.95
Williams' Percentage Range (W%R) 33.30
Lane's Stochastic (%D-Slow) 73.31
Greed/Fear Indicator (GFI) 61.97
Moving Average Converg./Diverg. (MACD) 0.26
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.86
Williams' Percentage Range (W%R) 6.00
Strong Overbought
Lane's Stochastic (%D-Slow) 92.84
Strong Overbought
Greed/Fear Indicator (GFI) 83.28
Overbought
Moving Average Converg./Diverg. (MACD) -0.39
Trading Signals
Description Value Chart
Yearly Trendline Support 30.70
Monthly Trendline Resistance 29.40
Upper Bollinger Band 27.92
Weekly Stochastic Crossing 27.83
Price 27.76
Daily Stochastic Crossing 27.72
20 Day Moving Average 27.70
Yearly Trendline Resistance 27.46
Quarterly Trendline Resistance 27.46
Lower Bollinger Band 27.14
Parabolic System 27.10
50 Day Moving Average 26.87
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 28.03
High Date 02/27/2019
Low 27.10
Low Date 03/08/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.89
Low Date 12/26/2018
High 28.03
High Date 02/27/2019
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 29.40
Support 20.70
High 29.61
High Date 05/22/2018
Low 22.89
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 27.46
Support 21.71
High 30.60
High Date 01/05/2018
Low 22.89
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Valid
Resistance 27.46
Support 30.70
Low 18.07
Low Date 01/20/2016
High 30.60
High Date 01/05/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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